This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 108 m² on the 2nd floor, energy rating D. Located Ermesinde parish, Valongo municipality, Porto district. Noteworthy Features: The apartment includes a garage conveniently located on the premises, providing secure parking in a region with limited street parking availability.
The valuation. The asking price of €275,000 exceeds the fair value of €230,838 by €44,162 (19.1%). This property is considered overpriced, indicating a potential negotiation challenge for investors. Buy-to-flip angle. A wholesale strategy may involve renovating the property to enhance appeal, particularly in the kitchen, to target buyers seeking modern features. The goal would be to resell at a higher price in a stable Porto market. Buy-to-let angle. With an estimated rental income of €917/month, the gross yield is approximately 4%. This investment strategy focuses on long-term rental to benefit from stable demand in a suburban area.
Fair value modelled at €230,838 from 6 comparable sales in the area. Asking €275,000 sits €44,162 (19.1%) above — overpriced versus fair value.
Asking €275,000 versus the Ermesinde, Valongo, Porto area baseline of €209,520 (€1,940/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €209,520, adjusted for condition and micro-location, gives a modelled fair value of €230,838 (€2,137/m²), a €44,162 (19.1%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ermesinde · 627035 | Subject | €275,000 | €2,546 | — | 72 | 72 |
| Nogueira e Silva Escura · 001850 | Active | €290,000 | €1,946 | 23.6% | 69 | 68 |
| Pedrouços · 25f8e0 | Active | €295,000 | €2,138 | 16.0% | 65 | 70 |
| Águas Santas · 6eb98a | Active | €269,000 | €2,169 | 14.8% | 76 | 75 |
| Ermesinde · e40b16 | Active | €147,000 | €1,729 | 32.1% | 65 | 73 |
| Median comp | €279,500 | €2,042 | 19.8% | 67 | 72 |
Long-term rental Despite the stable economic conditions and amenities offered by the vicinity of Porto, this property is overpriced, with a fair value gap of 19.1%. The current yield of 4% could struggle to attract long-term tenants due to the elevated price point. Family rental This 3-bed apartment, priced significantly above fair value, may appeal to families seeking suburban safety; however, its 4% yield doesn't justify the €275,000 listing. Families typically look for cost-effective options, and this property’s pricing may deter them, despite its adequacy in condition and neighborhood rating. Buy-and-hold Although the property is in a decent neighborhood and shows reasonable potential for appreciation, its existing price of €275,000 represents a mark-up compared to the fair value of €230,838. Investors looking for a buy-and-hold strategy should reconsider, as the 19.1% gap indicates this asset is overpriced, possibly impacting long-term return potential.
Economic Downturn Risk The property faces a risk of decreased demand due to economic instability, with an economic stability score of 80/100 possibly indicating a vulnerability to market fluctuations.
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